Rekor Q3 revenue up 16% to $10.5M but operating loss widens; targets cost cuts for 2025 cash-flow positive

Rekor Systems, Inc.

Q3 revenue $10.5M (+16% YoY); recurring revenue $5.5M (+14% YoY).
Operating loss $12.9M vs $9.8M; net loss $12.6M; Adjusted EBITDA loss $9.2M.
Cost optimization plan targeting $15M annual savings; eliminated $20M Yorkville advance option.
Rekor Discover added to Florida DOT Approved Product List; deployments underway.
Performance obligations $23.6M, down 11% from Dec 2023.

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